The Traderszone Network

Published in TZ Latest News 5 November, 2016 by The TZ Newswire Staff

IRA Income Limits for 2016 and 2017

Retirement Savings Jar

Image source: Getty Images.

The IRA income limits for 2016 and 2017 depend on your tax filing status and whether you’re contributing to a traditional or a Roth IRA. Traditional IRA contributions are not restricted by income, but the ability to take a tax deduction is. On the other hand, Roth IRA contributions are income-restricted.

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